Selling a property with a service charge due?

Landlord working out service charge demands property118

by Readers Question

12:01 AM, 5th October 2023, 3 years ago 2

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Hello, I have a flat that I am now selling to raise funds for other flats I rent. I should have completed it on the 12th September, but due to the delay in getting the management pack, that sale will probably go through the first week of October.

I have just received the service charge for the next period 29th September to 24th March. The due date is 13th October. Do I have to pay this as I won’t be the owner for the majority of the period?

Thank you,

Mel

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Tags: buyers guide, hidden costs, Property management, property sale, service charge property

Comments

Graham Bowcock Read Full Bio

Member Since January 2020 - Comments: 559

10:05 AM, 5th October 2023, About 3 years ago

I suggest you pay it.

That way there is no issue with the freeholder claiming there are arrears. Your solicitor should sort out an apportionment with the buyer.

2 Report Comment Reply
Andrew

Member Since October 2023 - Comments: 25

12:21 PM, 5th October 2023, About 3 years ago

You should pay it. This is typical. It will be reflected by a credit in your completion statement. Your solicitor will get this from the management company, but in case it is missed, provide details to him/her. The buyer will, in effect, pay you back, pro-rata.

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